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Velo3D Q3 revenue rises 50% to $20.5M; going-concern doubt lifted

🇺🇸 Velo3D, Inc. (VELO) · Tue 10 Nov 2026

The Nasdaq-listed metal 3D printing firm reports higher cash, lower debt and a revised gross margin outlook, and says it has opened its Forge 1 production campus.

Velo3D, a Nasdaq-listed metal additive manufacturing company serving aerospace and defence customers, reported third-quarter 2026 results on 10 November. Revenue was $20.5 million, which the company described as a 50% increase, and bookings reached $28.9 million. Gross margin rose to 26.5%. The GAAP net loss was $16.7 million.

The balance sheet strengthened. Cash increased to $75.7 million and debt fell to $7.4 million. Management said there is no longer substantial doubt about the company's ability to continue as a going concern.

Velo3D reaffirmed its revenue guidance but revised its gross margin guidance and cut its 2026 capital expenditure guidance. It now expects to generate positive operating cash flow in 2028. The company also said it has opened its Forge 1 production campus. The summary of the release does not give the revised guidance figures.

What it means for your team

  • The company's markets are aerospace and defence, so the direct impact on pharmaceutical regulatory or pharmacovigilance work is limited.
  • Teams that source additively manufactured metal parts or equipment may note the supplier's lifted going-concern doubt, stronger cash position and lower debt.
  • Positive operating cash flow is now expected only in 2028, a timeline that supplier-risk reviews may take into account.

Company's press release (SEC filing): Velo3D, Inc. ↗

Article written by VigiEye from the official source (Velo3D, Inc.). Claims are the company's own. AI-assisted; check the source before acting.

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